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Facedrive to Launch in Orillia, Ontario

March 4, 2020 GMT

TORONTO--(BUSINESS WIRE)--Mar 4, 2020--

Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly ridesharing network, is pleased to announce that it expects to officially launch its rideshare services in Orillia, Ontario within the next 30 days, making Facedrive the first rideshare service to be licensed in the City of Orillia.

Facedrive is a first of its kind, 100% Canadian, ridesharing platform that is designed to incentivize and empower the green and socially responsible consumer that is looking to make a meaningful and measurable impact. Facedrive’s environmentally sustainable method of ridesharing allows passengers to request rides in electric, hybrid or gas-powered vehicles through the Facedrive App. Trips completed using the Facedrive rideshare platform offset C0 2 emissions by contributing a portion of the rider’s fare to carbon offset initiatives, such as tree planting.

“We are excited to be expanding into the City of Orillia, as we continue to offer fair pricing and ethical business practices to offer an eco-friendly choice of travel to the residents and visitors of the city,” said Suman Pushparajah, Chief Operations Officer of Facedrive. “Ensuring the safety of our drivers and riders is our utmost priority as we prepare to launch in the City of Orillia and we employ an extensive driver screening process to ensure that all of our drivers are adequately trained before they are approved to drive with our platform.”

“On behalf of Orillia Council, I would like to welcome Facedrive to the Sunshine City,” added City of Orillia Mayor, Steve Clarke. “Our Council has always been unanimous in our desire to welcome ride-sharing services to operate in Orillia. We are pleased that our citizens and local businesses will have even more transportation options available to them.”

Facedrive’s existing partnership with Forests Ontario allows passengers to meaningfully contribute to tree planting initiatives through rides taken using the Facedrive App. Riders can track the number of trees that have been planted as a result of trips taken by them, illustrating the impact that each rider is having on their decision to “ride green”. Last year alone, Facedrive, through its partnership with Forests Ontario, has planted over 3,500 trees in the Province of Ontario.

About Facedrive

Facedrive is a unique people and planet first ridesharing platform committed to doing business fairly and equitably. As a community platform, drivers are real partners in the company, benefitting from uniquely customized incentives and rewards that reflect a dedication to shared success. For more about Facedrive, visit www.facedrive.com.

About the City of Orillia

The City of Orillia is a city in the heart of Ontario’s Lake Country on the shores of Lake Couchiching and Lake Simcoe, and is in the midst of exciting growth. With recent investments in infrastructure, available land and housing, a growing post-secondary sector, and affordability, doing business in Orillia makes sense. For the past decade, Orillia has been consistently ranked as one of the top 10 cities to invest in Canada. For more information about Orillia, please visit www.orillia.ca.

Facedrive Inc.
100 Consilium Pl, Unit 400, Scarborough, ON, Canada M1H 3E3
www.facedrive.com

Sayan Navaratnam
Chief Executive Officer and Director
Tel: 1-888-300-2228

Forward-Looking Information

Certain information in this press release contains forward-looking information. This information is based on management’s reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.

See “Forward-Looking Information” and “Risk Factors” in the Corporation’s Filing Statement dated August 28, 2019 for a discussion of the uncertainties, risks and assumptions associated with these statements. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200304005190/en/

CONTACT: Media:

Sana Srithas

sana@facedrive.com

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: MEN WOMEN ENVIRONMENT CONSUMER

SOURCE: Facedrive Inc.

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PUB: 03/04/2020 07:00 AM/DISC: 03/04/2020 07:01 AM

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